OrderDynamics Corporation in its acquisition by TECSYS Inc.

Mandate Details

Date Announced:

November 14, 2018

Date Closed:

November 14, 2018

Deal Value:

$13,375,000

Client Name:

OrderDynamics Corporation

TECSYS Inc., an industry-leading supply chain management software company, acquired OrderDynamics Corporation, a fast-growing leader in out-of-the-box distributed order management software based in Richmond Hill, Ontario. TECSYS purchased 100% of the shares and assumed outstanding debt of OrderDynamics for an aggregate purchase price of $13,375,000, subject to adjustment. TECSYS funded the purchase price with existing cash. With OrderDynamics forecast revenue of $7 million representing 30% year on year growth for their fiscal year ending March 31, 2019 and negative EBITDA (a non-GAAP measure) of $2 million, TECSYS expects a positive impact on combined revenue growth and short term negative impact on combined EBITDA.